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| Dell shares jump 5.5% as board agrees to new buyout offer | Dell shares jump 5.5% as board agrees to new buyout offer |
| (3 days later) | |
| Dell's shares have risen 5.5% after the firm's board accepted a new buyout offer from founder Michael Dell. | Dell's shares have risen 5.5% after the firm's board accepted a new buyout offer from founder Michael Dell. |
| The latest proposal add a one-off payment of 13 cents a share to last week's $13.75 a share offer. | The latest proposal add a one-off payment of 13 cents a share to last week's $13.75 a share offer. |
| Mr Dell, together with investment firm Silver Lake, is trying to buy back the computer giant he founded in 1984. | Mr Dell, together with investment firm Silver Lake, is trying to buy back the computer giant he founded in 1984. |
| Shareholders had been due to vote on Friday on the offer, but the addition of the dividend means a new proposal has to be drafted and put to them. | Shareholders had been due to vote on Friday on the offer, but the addition of the dividend means a new proposal has to be drafted and put to them. |
| They will now vote at a special meeting on 12 September. | They will now vote at a special meeting on 12 September. |
| Resistance | Resistance |
| Mr Dell, who owns 16% of the company he founded while still at college, wants to reorganise the business, which has been moving away from making computers and into providing technology services. | |
| But shareholders have been resisting, led by billionaire Carl Icahn, who has argued that Mr Dell has undervalued the company. | But shareholders have been resisting, led by billionaire Carl Icahn, who has argued that Mr Dell has undervalued the company. |
| Mr Icahn has an 8.7% stake in the company and is trying to take control of the company along with Southeastern Asset Management. | Mr Icahn has an 8.7% stake in the company and is trying to take control of the company along with Southeastern Asset Management. |
| On Thursday, he began a legal challenge to Mr Dell's plans. | On Thursday, he began a legal challenge to Mr Dell's plans. |
| The bid, excluding the one-off payment, values the company at $24.5bn (£16bn). | The bid, excluding the one-off payment, values the company at $24.5bn (£16bn). |